Table of Contents
•Sensor innovation (smarter, smaller, cheaper, lighter, and less power-hungry sensors, yet with more features) and ubiquitous connectivity have created favorable opportunities for the emergence of new industry sectors; wearable electronics, or wearables, is one such industry. Therefore, companies irrespective of their size and core profile (from Google to Intel) are shrewdly using simple sensors to do powerful things.
•The continued improvement in sensors’ accuracy and sensitivity, and the addition of new capabilities will enable wearable devices to incorporate more complex electronics and sensors.
•The wearables market is witnessing a series of new product launches, such as smart watches, fabrics, and glasses, and the market as a whole is witnessing partnerships, acquisitions, mergers, convergence, and collaboration across the value chain.
•Innovations are expected to make wearable electronics better in terms of connectivity, use of data, and ultimately make them smarter than ever. Wearable devices need to work harmoniously as they are worn on the body, in addition to being light, comfortable, unobtrusive, and attractive.
•Wearable electronics will create opportunities for brand manufacturers, sensor platforms, and software and component suppliers alike.
•The long-term prospect of wearable electronics is exciting and holds promises of a brighter future.
Wearable electronics are quite new, fragmented, and relatively undefined in terms of what products are going to be successful.
Many wearable companies do not have the systems expertise to be able to design products from scratch due to a lack of hardware and/or software knowledge.
The wearable electronics’ ecosystem is complex and different original equipment manufacturers (OEMs) are targeting different pieces of that ecosystem.
Heavyweights such as Apple, Google, Intel, and Microsoft are investing heavily in wearables. These companies are strong enough to drive the wearable electronics industry.
A number of start-ups and smaller companies are entering this market but many do not have the expertise (hardware and software) required to be successful.
Wearable electronics are seen as the next big opportunity for sensors after smartphones and tablets.
The opportunity is huge, especially for makers of MEMS-based sensors, electronics, and associated software and sensor fusion algorithms. With constant wearable product innovations, non-MEMS sensors to benefit as well.
Multi-sensor combo packages enable creative product development. Therefore, combo sensors to witness widespread adoption in wearables, such as 9-axis combo sensors from 3-axis combo sensors.
Sensor platforms, rather than sensor components, to play a critical role in wearable electronics product development and innovation. Sensor platforms to help wearable device manufacturers innovate and shorten their time to market.
Although wearable electronics are considered as the next-big-thing, this industry is much more complex than smartphones and tablets.
Data security and privacy concerns at the device level need to be addressed. These concerns pose a threat to the widespread adoption of wearable technology.
Wearable electronics will remain diverse with multiple products that support more than social and infotainment applications.
With more functionality incorporated into the wearable, innovation to be centered around low-power displays, processors, stretchable electronics, and energy harvesting to extend battery life.
Key Questions This Study Will Answer
What is the role of sensors in wearables?
What is the ecosystem of wearables and where are sensors placed in it?
How is the business model changing with respect to sensors in wearables?
What will be the importance of sensor platforms in wearables?
How do sensors in wearables enable the Internet of Things and the Internet of Everything?
What are the technological, political, financial, privacy, and security concerns for wearables in the long term?
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